Starlink Is Adding 570,000 Subscribers a Month. Here's What That's Worth To SpaceX.
Starlink is growing quickly and leading SpaceX's only profitable business segment.
SpaceX's Starlink service is driving its connectivity segment, which contributed 55% of the company's revenue in Q2 2026. The service added 1.7 million net subscribers in the quarter, averaging 570,000 new subscribers per month. This rapid growth is valued at roughly $450 million in annual recurring revenue (ARR) per month, or about $5.4 billion if maintained for a year.
Starlink's average revenue per user (ARPU) is $66 per month, translating to $792 annually per subscriber. With 570,000 new subscribers each month, SpaceX generates an extra $450 million in ARR.
However, potential challenges for investors include a possible drop in ARPU as Starlink enters lower-priced markets, and slower growth due to market saturation or network capacity constraints. SpaceX has deployed 26 Starlink V3 satellites, each capable of supporting 1 Tbps of downlink capacity, but more launches are needed for significant capacity expansion.
Despite Starlink's impressive growth, its impact on SpaceX's $2.2 trillion valuation may not be substantial. Investors are banking on explosive growth from AI and the launch business, so Starlink must continue its trajectory to support this growth.
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